How Does Subscription Home Maintenance Work?

How Does Subscription Home Maintenance Work?
  • Opening Intro -

    Buying your first house is one of the most significant financial decisions that you'll ever make. Years of saving and planning are what got you here. While this can give you a sense of pride and ownership, a house comes with its own set of responsibilities. One of them being maintenance.

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It’s easy to take your foot off on a couple of things once you settle into your new house. But those things will keep building up.

A clogged drain may develop into a burst pipe, which may later require you to redo your plumbing entirely. You hope for lower expenses overall, and subscription-based home maintenance may be the way to go, but can you trust it?

What is Subscription Home Maintenance?

Think about your Netflix or Amazon Prime subscriptions—you pay a monthly charge for a wide array of movies and shows. Now, try to mentally apply this model to other industries.

According to Businesswire, Gartner predicts that 75 percent of businesses will provide subscription-based services in the next three years. It only goes to show that subscription-based business makes sense for companies and consumers alike.

A subscription-based home warranty is essentially the same thing as a Netflix account, but for your home.

You pay a set monthly charge to get your maintenance issues taken care of, like clogged drains, grimy driveway, dirty filters, and leaky faucets by merely calling one company.

You won’t have to worry about calling multiple companies to get quotes and haggle over cost. It helps you get more time to put your feet up and worry about one less issue.

Why Opt for the Subscription Model?

The average house maintenance cost is around one to four percent of its value annually. If your house costs around $200,000, maintenance will cost you between $2,000 and $8,000 annually.

On the other hand, a subscription home maintenance will cost you about $20 to $90 monthly. Convert that to an annual expense, and you save over a grand every year.

As stated earlier, having a subscription-based warranty saves you the hassle of finding a reliable contractor at reasonable rates. More often than not, you would come to know of the problem once it occurs. A leaky pipe under your house might have been going unnoticed until the day you walk into a flooded kitchen.

Independent contractors may use this opportunity to skim you. A monthly subscription protects you from such sudden inconveniences by assuring regular maintenance of your house. However, when shopping, you need to be able to spot the minor cons that these plans have.

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Usually, every plan needs a buy-in, which varies from provider to provider. Also, some providers might charge you for parts beyond a specific value. So your research needs to be thorough.

What Options Do I Have?

Ranging from $29 to $600, and you can find home maintenance subscription plans that operate based on the following models:

  • Complete Home Plans –

    This plan is the most comprehensive type, as it covers most appliances, as well as built-in systems.

    • Pros – It provides extensive coverage of bundling appliances, as well as home systems.
    • Cons – Complete plans are usually the most expensive option available.
  • Appliance Plans –

    This plan covers refrigerators, dishwashers, clothes dryers, trash compactors, ovens and stoves, washing machines, and microwave ovens.

    • Pros – It maintains all of your appliances to avoid any unforeseen damage to the devices or electrical systems.
    • Cons– The plan only covers appliances and doesn’t include systems such as plumbing and heating.
  • Systems Plans –

    The plan covers air conditioning (including ductwork) water heating (including ductwork) plumbing, electrical, garbage disposals, instant hot/cold water faucets, doorbells, smoke detectors, ceiling fans, and central vacuums.

    • Pros – This covers your plumbing, heating, electrical, as well as any other built-in systems. You get a regular cleaning in addition to repairing sessions to prolong use.
    • Cons – It only covers systems. It won’t cover the maintenance of any of your appliances such as the oven or washing machine.
  • Combo Plan –

    This option provides the flexibility of mixing and matching appliances along with systems.

    • Pros – Combo plans allow flexibility, letting you cut costs on maintenance of non-essentials.
    • Cons – These plans usually have a cap on the number of items they cover. There are various companies—some established and some start-ups—all looking to provide the best service at affordable rates. To find the right option for you, look at company reviews such as this Super home warranty review that can help you make a decision.
other valuable tips:

Choosing Peace of Mind

Broken home systems or appliances are an inconvenience that not only impacts your finances but your peace as well. Subscribing to a company that would work as a one-stop-shop with around-the-clock customer service makes sense.

While researching the different players in the market, you should keep an eye out for the BBB ratings and reviews from other customers. It’ll help you find the best fit for you to better protect your home.

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